Reported 8 months ago
Global investors are expected to continue investing in booming stock markets, with a Bank of America survey indicating a preference for allocating money to US stocks and global equities as well as buying government bonds. The survey, conducted from June 7 to 13 with 206 participants managing $640 billion in assets, revealed high investor confidence and low cash levels in money-market funds. Long bets on technology giants like Microsoft and Nvidia are at 69%, while Wall Street analysts, including those at Citigroup and Goldman Sachs, remain bullish on the S&P 500's outlook despite high valuations.
Source: YAHOO